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Semiconductor and Circuit Manufacturing Market to be Worth $1,056.7 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., May 28, 2024 /PRNewswire/ — According to a new market research report titled, ‘Semiconductor and Circuit Manufacturing Market by Component (Memory, Logic, Analog, Micro), Semiconductor (Intrinsic, Extrinsic), Material (Silicon, Germanium), Application (Consumer, Automotive, Industrial), & Geography—Forecast to 2031,’ the global semiconductor and circuit manufacturing market is projected to reach $1,056.7 billion by 2031, at a CAGR of 8.7% during the forecast period of 2024 to 2031.

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A semiconductor can be defined as a substance, generally a pure element, such as silicon or germanium, or compounds, such as gallium arsenide or silicon carbide, that can conduct electricity under specific conditions, making it an ideal medium for the controlled flow of electrical current. Semiconductor materials are an essential part of daily life and are extensively used in electronic circuits owing to their role in the fabrication of electronic devices. These are used in diversified electronic devices, including computers, laptops, telecommunications equipment, storage devices, mobile phones, medical equipment, and many common consumer electronics goods. The semiconductor and circuits manufacturing industry has long been considered as one of the largest contributors in the global technological developments and it is expected to continue its steady growth over the coming years.

The increasing adoption of connected devices, the growing need to reduce the complexity of integrated circuits, increasing government investment in the electronics & semiconductors industry, and growing demand for cloud-based technologies in the electronics & semiconductors industries are factors supporting the growth of semiconductor and circuit manufacturing market during the forecast period.

In this market study, a comprehensive analysis of recent dynamics related to semiconductor and circuit manufacturing was conducted to accurately forecast the future of the global semiconductor and circuit manufacturing market. The study also includes an in-depth profile of key stakeholders in the global semiconductor and circuit manufacturing market, categorized based on their market positions.

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Based on component, the semiconductor and circuit manufacturing market is segmented into memory, logic, analog, micro, optoelectronics, discrete, sensors, and DSP. In 2024, the logic segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the higher adoption of logic semiconductors in consumer electronics, data processing devices, communications systems, and the automotive sector and rising technological developments in special-purpose application-specific integrated circuit (ASIC) and application-specific signal processor (ASSP) logic chips.

Based on type, the semiconductor and circuit manufacturing market is segmented into intrinsic semiconductors and extrinsic semiconductors. In 2024, the extrinsic semiconductor segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the constantly growing demand from the energy sector coupled with the rising usage of extrinsic semiconductors in power electronics devices and the high demand and criticality of these semiconductors in the fabrication process of advanced electronics components such as transistors, diodes, and integrated circuits, among others.

Based on material type, the semiconductor and circuit manufacturing market is segmented into silicon, germanium, gallium arsenide, silicon carbide, and other material types. In 2024, the silicon segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to a wide range of applications across several industries such as telecommunication, aerospace, and electronics, rising demand for silicon-based sensors for IoT devices, growing demand for nanodevices, increasing adoption of 5G technology, and easy availability of silicon-based semiconductors owing to the presence of a large number of players.

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Based on application, the semiconductor and circuit manufacturing market is segmented into data processing electronics, communication electronics, consumer electronics, automotive electronics, industrial electronics, and military and civil aerospace. In 2024, the data processing electronics segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the high demand for semiconductors in data processing electronics devices, including computers, ultra-mobiles, tablets, servers, and storage devices. In addition, the proliferation of mobile phones and other connected devices is expected to accelerate the demand for memory and storage devices, in turn encouraging the growth of the semiconductor devices market for data processing electronics applications.

Based on geography, the semiconductor and circuit manufacturing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The presence of multiple local as well as international market players in the region, high consumption of semiconductors and circuits by major electronic components and telecommunication hardware manufacturers, increasing adoption of solar panels and electric vehicles, and large scale of the electronics manufacturing industry in the region are the major factors driving the growth of the semiconductor and circuit manufacturing market in the Asia Pacific region.

The key players operating in the global semiconductor and circuit manufacturing market are Samsung Electronics Co., Ltd. (South Korea), Intel Corporation (U.S.), Taiwan Semiconductor Manufacturing Company (Taiwan), SK Hynix, Inc. (South Korea), Micron Technology, Inc. (U.S.), Broadcom, Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Toshiba Corporation (Japan), NVIDIA Corporation (U.S.), Semiconductor Components Industries, LLC (U.S.), Advanced Micro Devices, Inc. (U.S.), Analog Devices, Inc. (U.S.), Renesas Electronics Corporation (Japan), and NXP Semiconductors N.V. (Netherlands).

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Scope of the Report:

Semiconductor and Circuit Manufacturing Market Assessment—by Component

MemoryDRAMFlashNANDNOROther MemoryLogicAnalogMicroMicroprocessor (MPU)Microcontroller Unit (MCU)OptoelectronicsDiscreteSensorDSP

Semiconductor and Circuit Manufacturing Market Assessment—by Type

Extrinsic SemiconductorP-Type SemiconductorN-Type SemiconductorIntrinsic Semiconductor

Semiconductor and Circuit Manufacturing Market Assessment—by Material Type

SiliconGermaniumGallium ArsenideSilicon CarbideOther Material Types

Semiconductor and Circuit Manufacturing Market Assessment—by Application

Data Processing ElectronicsCommunication ElectronicsWired CommunicationWireless CommunicationIndustrial ElectronicsAutomotive ElectronicsConsumer ElectronicsMilitary and Civil Aerospace

Semiconductor and Circuit Manufacturing Market Assessment—by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaTaiwanRest of Asia-PacificLatin AmericaMiddle East & Africa

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Related Reports:

Semiconductor Manufacturing Equipment Market by Front-end Equipment (Silicon Wafer Manufacturing, Wafer Fabrication), Back-end Equipment (Testing, Assembling & Packaging), Dimension, Component, End User, and Geography – Global Forecast to 2030

Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography – Global Forecast to 2030

Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography – Forecast to 2027

Related Blogs:

Top 10 Companies in Semiconductor and Circuit Manufacturing Market

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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CES 2025: Aurafit to Unveil G12 Smartwatch, the Ultimate Companion for A Connected, Active, and Healthy Life

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LAS VEGAS, Jan. 1, 2025 /PRNewswire/ — At CES 2025, taking place from January 7-10, Aurafit, a pioneering brand dedicated to providing innovative smart equipment for modern sports enthusiasts and tech-savvy individuals, is set to introduce its latest flagship product, the G12 Smartwatch. This versatile GPS smartwatch is designed to transform how people interact with technology in their everyday lives.

This all-in-one device supports five satellite navigation systems: BeiDou, GPS, GLONASS, Galileo, and QZSS, ensuring precise and reliable positioning no matter where the user is. The inclusion of a built-in compass makes the G12 Smartwatch an indispensable companion for outdoor adventures, providing users with the confidence to explore new terrains. It supports over 150 sports modes, catering to various activities from running and cycling to yoga and swimming. This extensive range of modes ensures that users can optimize their training sessions and track their progress with ease. Additionally, with more than 100 cloud-based watch faces, users can customize their smartwatch to match their style and preferences.

AI functionalities are at the core of the G12 Smartwatch, offering an AI voice assistant, AI voice-activated watch faces, AI smart translation, AI voice notes, and AI art watch faces. These features transform the smartwatch into a powerful tool for managing daily tasks, staying connected, and expressing creativity. Whether setting reminders, taking notes, or translating languages on the go, the G12 Smartwatch enhances efficiency and organization in daily life.

As a wholly-owned subsidiary of Shenzhen Smart Care Technology Co., Ltd. (SMA), Aurafit has been a key player in the smart wearable industry for over a decade. The company boasts an expansive industrial park covering over 10,000 square meters and employs a strong team of over 600 professionals, with more than 20% dedicated to research and development. Aurafit has established itself as a leader in the field, offering a product line that includes smartwatches, smart headphones, and smart glasses, along with related accessories. With over 200 technology patents in health and sports recognition algorithms, Aurafit’s products are sold in more than 50 countries worldwide.

As it continues to push the boundaries of innovation and redefine the future of smart wearables, Aurafit welcomes partners from the global smart wearable industry to visit its booth at LVCC South Hall 1, #30121, during CES 2025.

For more information, please visit: www.aurafitofficial.com.

Media Contact: Chupeng Song, songchupeng@smawatch.com

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SOURCE Shenzhen Smart Care Technology Co., Ltd. (SMA)

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A Nation Unites to Set a New Guinness World Records™ title for ‘Most People Contributing to an AI-generated Image’

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Media City Qatar and Google Cloud partner for groundbreaking ‘Qatar ArtBeat’ initiative for Qatar National Day 2024

DOHA, Qatar, Jan. 1, 2025 /PRNewswire/ —  Media City Qatar, a catalyst for next-generation media, in partnership with Google Cloud, has set a new Guinness World Records™ title for the ‘Most people contributing to an AI-generated image’ with its groundbreaking initiative, ‘Qatar ArtBeat.’ With over 15,000 contributions, more than 5.4 million people reached, and in excess of 68,000 engagements from across the country, this historic achievement exemplifies how tradition and technology can merge to unite a community in creating a singular, innovative artwork.

The world record was achieved by the powerful capabilities of Google Cloud’s Vertex AI platform, Gemini models, and Google BigQuery data platform seamlessly combining comments to reflect voices, emotions, and aspirations shared by the community. The initiative, which ran from December 9 to 17 on Media City Qatar’s social media channels, also incorporated sentiments from broader public conversations about Qatar National Day 2024, ensuring that every voice was represented in the final masterpiece. The resulting artwork co-created by the nation reflects unity, creativity, and shared aspirations, setting a remarkable benchmark in the integration of art, technology, and community engagement.

Qatar National Day, celebrated annually on December 18, marks a pivotal moment in the nation’s history, honoring unity, progress, and cultural pride. Media City Qatar seized this opportunity to showcase Qatar’s ability to blend tradition with modernity.

“‘Qatar ArtBeat’ has been a groundbreaking initiative! And now, as the first-of-its-kind to achieve and set a new world record, recognized by Guinness World Records™, it stands as a historic achievement for our nation,” said Eng. Jassim Mohamed Al Khori, CEO of Media City Qatar. “This milestone highlights Media City Qatar’s leadership in innovation and our ability to bring the community together through creativity and technology for this year’s Qatar National Day.”

“‘Qatar ArtBeat’ demonstrates how Google Cloud’s advanced technology can connect communities to achieve something extraordinary,” said Ghassan Kosta, Regional General Manager of Google Cloud. “We are honored to support this project with Media City Qatar, which reflects the potential of technology to celebrate culture and creativity—and set a new world record.”

“This iconic record-breaking moment by ‘Qatar ArtBeat’ is a truly historic achievement,” said Shaddy Gaad, Senior Marketing Manager, Guinness World Records™. “Recognizing the ‘Most People Contributing to an AI-generated Image’ highlights the innovation and collaboration that brought this project by Media City Qatar, in partnership with Google Cloud, to life. It is a testament to Qatar’s ability to unite the nation around a creative and groundbreaking initiative.”

As an emerging global media hub, Media City Qatar embodies its vision of “Where Next Is Made” by offering a supportive regulatory environment, state-of-the-art business facilities, and attractive incentive schemes. These pillars drive the sustained growth and development of Qatar’s creative industries, spanning broadcasting, news, gaming, publishing, production, animation, media technologies, social and digital media, and content localization.

ABOUT MEDIA CITY QATAR

Media City Qatar is an emerging, collaborative global hub for media companies, entrepreneurs, innovators, and creative talent, and a regional leader in the media industry, contributing to Qatar’s economic diversification. It accelerates the evolution of regional media to create a powerful and innovative ecosystem where exceptional ideas and content thrive. Media City Qatar was established to streamline necessary regulations, develop businesses, and unlock investment opportunities to support the media ecosystem in Qatar under its regulatory, developmental, and investment mandates.

Media City Qatar aims to foster a nurturing environment and a hub for traditional and digital media, technology, communications, research, and development. From broadcasting to traditional and digital newspapers, from gaming to user-generated content, and enabling AI and advanced technologies, Media City Qatar welcomes businesses across different media segments of various scales to join us in Doha.

For more information, visit www.mediacity.qa or follow us on

https://www.facebook.com/mediacityqa

https://www.linkedin.com/mediacityqa

https://www.instagram.com/mediacityqa

https://x.com/mediacityqa 

ABOUT GOOGLE CLOUD

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models, and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

ABOUT GUINNESS WORLD RECORDS

What’s the fastest game bird in Europe? This was the question that inspired the founding of Guinness World Records back in 1955. Starting with a single book published from a room above a gym, GWR has grown to become a global multi-media brand, with offices in London, New York, Miami, Beijing, Tokyo and Dubai. Today, we deliver world-class content, not just through Books, but via TV shows, Social Media and Live Events. Our in-house consultancy works closely with brands and businesses around the world to harness the power of record-breaking and deliver award-winning campaigns and business solutions. Our ultimate purpose is to inspire people - individuals, families, schools, groups, companies, communities and even entire countries – to read about, watch, listen to and participate in record-breaking. To join this record-breaking community – and find out the answer to that original question – visit guinnessworldrecords.com.

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re:3D announces OrthoAdditive Africa as the recipient of the 2024 Gigaprize competition; the organization will receive an industrial 3D printer to help pursue their mission in South Africa

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AUSTIN, Texas, Jan. 1, 2025 /PRNewswire/ — re:3D, Inc. is pleased to announce the winner of the 2024 Gigaprize competition. For every hundred printers sold, re:3D donates a Gigabot large-format, industrial 3D printer to an individual or organization committed to doing good in their community. This year, the award is a Gigabot 4 filament 3D printer.

An expert panel of judges has awarded the 2024 Gigaprize to OrthoAdditive Africa in Cape Town, South Africa. OrthoAdditive Africa’s mission is to overcome barriers to healthcare access for people living with disabilities through CAD and additive manufacturing technology. They propose to use their Gigabot 3D printer to prototype a range of seating, positioning, and mobility devices currently in development with their collaborators Shonaquip SE, using a variety of materials printed by the Gigabot.

re:3D wishes to recognize the outstanding applicants for this year’s prize who are doing incredible work in their communities: these include Asmbly Makerspace (Austin, TX), Black Sheep Food Initiative (Saybrook, IL), the Citizens Archive of Pakistan (Karachi, Pakistan), EveryShelter (Houston, TX and Kampala, Uganda), SOC Films (Karachi, Pakistan), and the Welman Project (Fort Worth, TX). We also extend our thanks to our expert panel of judges for taking time out of their busy schedules to evaluate the application videos and determine the winner of this year’s Gigaprize.

ABOUT re:3D

re:3D® Inc. consists of a group of explorers committed to eliminating the cost and scale barriers to industrial 3D printing. Having pioneered the world’s first affordable, human-scale industrial 3D printer, re:3D now offers a range of large-scale, affordable 3D printers capable of printing from virgin and reclaimed filament, pellets, and/or flake. Beyond supplying 3D printers to customers in over 50 countries, re:3D offers contract printing, consulting, design, materials testing, and education services. For more information on re:3D, visit www.re3d.org.

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SOURCE re:3D

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